What does the license for a Big Air Trampoline Park franchise include?
Big_Air_Trampoline_Park Franchise · 2025 FDDAnswer from 2025 FDD Document
3. TERM OF THE AGREEMENT AND LICENSE
- 3.1 This Agreement and the License granted shall become effective on the date this Agreement is executed by Franchisor and shall continue until midnight on the day before the tenth anniversary of the date the Big Air Trampoline Facility opened for business ("Term"), subject, however, to termination in accordance with the provisions of this Agreement. When the initial Term expires, Franchisee shall have the option at Franchisor's sole and absolute discretion to extend Franchisee's rights to operate the Big Air Trampoline Business for one additional term ("Successor Term") of 10 years. Franchisee must pay the Successor Franchise Fee set forth in Section 3.4(b) and otherwise comply with the requirements set forth in this Section 3.
- 3.2 Franchisor may refuse to renew this Agreement and License if Franchisee has:
- (a) Failed to remedy any breach of this Agreement specified by Franchisor in a written notice to Franchisee as per Sections 17.1, 17.2 or 17.3; or
- (b) Committed and received notice of two or more breaches of this Agreement in the 24 months prior to the end of the Term, even if such breaches were timely remedied; or
- (c) Franchisee has failed to give Franchisor a written notice of intent to renew no less than six months or more than nine months prior to expiration of the Term; or
- (d) Franchisee is not current in payment obligations to Franchisor or to Franchisee's Lessor, suppliers, or trade creditors.
- 3.3 If Franchisee opts to extend its rights to operate the Big Air Trampoline Business at the end of the Term, and Franchisor consents to such extension, Franchisee shall execute a new Franchise Agreement ("Successor Franchise Agreement") and all other agreements in the form then being used by Franchisor in granting new franchises. Franchisor reserves the right to change any term(s) of the Franchise Agreement form to be signed by Franchisee at the time Franchisee extends its rights to operate the Big Air Trampoline Business (except as specified below). There shall not, however, be another Initial Franchise Fee charged at the time Franchisee signs the Successor Franchise Agreement. IN
Source: Item 23 — RECEIPT (FDD pages 53–255)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, the Big Air Trampoline Park franchise agreement and license become effective when executed by the franchisor and continue until midnight on the day before the tenth anniversary of when the Big Air Trampoline Park facility opened for business. This is subject to termination as per the agreement's provisions.
At the end of the initial term, Big Air Trampoline Park franchisees have the option to extend their rights to operate the business for one additional 10-year term, called the Successor Term, but this is at the franchisor's sole discretion. To do so, franchisees must pay a Successor Franchise Fee and meet other requirements.
However, Big Air Trampoline Park may refuse to renew the agreement and license if the franchisee has failed to fix any breaches specified in a written notice, committed two or more breaches within 24 months before the term ends (even if remedied), failed to provide written notice of intent to renew at least six months before expiration, or is not current on payment obligations to the franchisor, lessor, suppliers, or trade creditors. If the extension is granted, a new Franchise Agreement will be executed, and the franchisor can change any terms except for charging another Initial Franchise Fee.